Fivepenny Property Company Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC444535

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		472,876		473,032
Investments	5		843,244		293,358

			1,316,120		766,390
CURRENT ASSETS
Cash at bank and in hand		38,238		2,616

		38,238		2,616
Creditors: Amounts Falling Due Within One Year	6	(612,130 )		(476,861 )

NET CURRENT ASSETS (LIABILITIES)			(573,892 )		(474,245 )

TOTAL ASSETS LESS CURRENT LIABILITIES			742,228		292,145

NET ASSETS			742,228		292,145

CAPITAL AND RESERVES
Called up share capital	7		150		150
Revaluation reserve	8		78,922		117,316
Profit and Loss Account			663,156		174,679

SHAREHOLDERS' FUNDS			742,228		292,145

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Fivepenny Property Company Ltd.

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr Alasdair MacKenzie

Director

18/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Fivepenny Property Company Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC444535 . The registered office is 15 Cumlodden Avenue, Ravelston, Edinburgh, EH12 6DR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation charged
Plant & Machinery	25% Reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2024	472,407	3,776	476,183

As at 31 March 2025	472,407	3,776	476,183

...CONTINUED

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Fivepenny Property Company Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	-	3,151	3,151
Provided during the period	-	156	156

As at 31 March 2025	-	3,307	3,307

Net Book Value
As at 31 March 2025	472,407	469	472,876

As at 1 April 2024	472,407	625	473,032

5. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2024	293,358
Additions	2,160,649
Disposals	(1,572,369 )
Revaluations	(38,394 )

As at 31 March 2025	843,244

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	843,244

As at 1 April 2024	293,358

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	-
Corporation tax	138,768	4,076
Shareholder Loans (Current liabilities - creditors < 1 year)	471,050	471,050
Accruals and deferred income	1,251	1,215
Director's loan account	1,060	520

	612,130	476,861

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150	150

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Fivepenny Property Company Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2024	117,316	174,679
Profit for year	-	488,477

Deficit on revaluation	(38,394)	-

Other comprehensive income for the year	(38,394 )	-

Total comprehensive income for the year	(38,394)	488,477

As at 31 March 2025	78,922	663,156

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